Economies face "long ascent" towards recovery from the covid pandemic, the Managing Director of the International Monetary Fund Kristalina Georgieva says.
The German economy is expected to contract 5.4% in 2020 amid the coronavirus pandemic, data published by leading German economic research institutes show.
The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.
Germany plans to raise $190B in new debt the next year to offset the economic impact of the pandemic, the German Finance Minister Olaf Scholz says.
The Finnish Finance Ministry revised its economic growth forecast upwards to 2.6% for 2021 and 1.7% for 2022, a statement published by the ministry shows.
In the aftermath of plunging 17% on December 24, the stock price of Alibaba had recovered most of losses by Wednesday. The stock started the day's trading with a 2.89% jump.
As the coronavirus vaccination was ongoing globally and additional US stimulus was expected to be approved, stock prices surged on Wednesday.
On Wednesday, crude oil prices grew due to a decline in the US Dollar's value, which had returned to the 2020 low level.
During Wednesday's European trading hours, stock indices surged, as US fiscal aid and vaccination caused global buying.
On Wednesday, the price for Bitcoin reached the $28,600.00 mark, as the currency had almost increased four times in value during 2020.
On Wednesday, Asian shares hit record highs, as investors and traders bet on economic recovery in 2021.
On Wednesday, crude oil prices edged higher. Brent crude futures rose by 0.40% to $51.28 per barrel at 02:55 GMT, while the US WTI crude surge by 0.60% to $48.29.
On Wednesday, the dollar index, which measures the US Dollar against a basket of major currencies, declined to multi-year lows.
FTSE Russell could delete more Chinese firms from its global benchmarks, the company said in a statement.
On Tuesday, Andrew Hayward, a top epidemiologist, warned that the UK government needs to impose tougher COVID-19 lockdown measures.
On Tuesday, the Vietnamese Trade Ministry announced that the United Kingdom and Vietnam have signed a free trade deal.
On Tuesday, American Airlines resumed Boeing's 737 MAX commercial flights in the United States after a 20-month ban was lifted by the US Federal Aviation Administration last month.
On Tuesday, Germany's Foreign Minister Heiko stated that the 27 members of the European Union have approved the Brexit trade agreement.
The Italian-American car manufacturer Fiat Chrysler plans to invest $203.99 in its plant in Poland, where new Jeep, Fiat and Alfa Romeo models will be manufactured, the Deputy Prime Minister Jaroslaw Gowin says.
Exports from South Korea increased for a third consecutive month in November despite the ongoing COVID-19 pandemic, data published by the Bank of Korea show.
Industrial production in Vietnam expanded 3.36% in 2020, compared to the same period the previous year, data published by the General Statistics Office show.
Profits of industrial companies in Beijing increased 3% to $24B in the first 11 months of the current year, the Beijing Municipal Bureau of Economy reports.
The economy of Brazil is expected to expand 4.4% in 2020, while inflation forecast is 4.39%, data published by the Central Bank show.
The Asian Development Bank and the government of Bangladesh signed a $200M loan agreement to improve access to electricity in rural areas of the country.